Flputnam Investment Management Co. Purchases Shares of 15,098 Intuit Inc. $INTU

Key Points

• Flputnam Investment Management purchased 15,098 Intuit shares in the second quarter, valued at approximately $3.94 million. Institutional investors collectively own 83.66% of Intuit’s outstanding stock.
• Intuit recently exceeded quarterly earnings and revenue estimates, reporting $12.80 in EPS and $8.56 billion in revenue, with revenue rising 10.4% year over year. The company also declared a quarterly dividend of $1.20 per share, equivalent to a 1.4% yield.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $456.90, although several firms have reduced their targets. The stock also faces uncertainty from significant price volatility and securities class-action allegations related to TurboTax and business-growth disclosures.

Flputnam Investment Management Co. bought a new position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 15,098 shares of the software maker's stock, valued at approximately $3,941,000.

Several other institutional investors also recently bought and sold shares of INTU. Joseph Group Capital Management purchased a new stake in Intuit during the 4th quarter worth $25,000. Intesa Sanpaolo Wealth Management purchased a new position in Intuit in the 4th quarter worth approximately $25,000. Pin Oak Investment Advisors Inc. purchased a new position in Intuit in the 3rd quarter worth approximately $33,000. Birchwood Financial Partners Inc. acquired a new stake in Intuit in the fourth quarter valued at approximately $33,000. Finally, Sankala Group LLC purchased a new stake in shares of Intuit during the fourth quarter valued at approximately $40,000. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit expanded its Intuit Intelligence platform with conversational AI and additional capabilities for QuickBooks Online Advanced and Intuit Enterprise Suite. The initiative targets larger businesses, CFOs and accounting firms and could support growth beyond Intuit’s traditional small-business customer base. Intuit Advances Its Mid-Market Platform With Conversational AI, Enterprise Scale, and Deep Industry Workflows for CFOs and Accounting Firms
• Positive Sentiment: Some recent analyst commentary remains bullish, arguing that Intuit’s core QuickBooks and online ecosystem remain resilient, while TurboTax monetization, Credit Karma synergies and AI adoption could help sustain double-digit growth. Upcoming fiscal-year 2027 guidance and management’s AI strategy are viewed as important catalysts. Intuit: Strong Fundamentals Amid AI Fears Make The Stock Attractive
• Neutral Sentiment: Options pricing implies a wide potential trading range rather than a clear directional signal, suggesting elevated uncertainty and the need for investors to manage position sizes carefully. Intuit's Options Price A Floor Below Anything The Stock Has Touched In A Year
• Negative Sentiment: Several law firms publicized a securities class action against Intuit and certain officers. The complaints allege that the company misled investors about the sustainability of business growth, particularly TurboTax, and failed to disclose competitive and pricing pressures in its tax operations. The allegations have not been proven. Investors in the August 22, 2025–May 20, 2026 class period have until September 8, 2026 to seek lead-plaintiff status. The repeated notices add legal and reputational overhang to the stock. Bronstein, Gewirtz & Grossman LLC Urges Intuit Inc. Investors to Act

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Stifel Nicolaus reiterated a "hold" rating and issued a $275.00 price objective (down from $375.00) on shares of Intuit in a report on Wednesday, June 17th. Daiwa Securities Group cut their price target on Intuit from $640.00 to $500.00 and set a "buy" rating on the stock in a research note on Wednesday, May 27th. Argus lowered their price objective on Intuit from $580.00 to $480.00 and set a "buy" rating for the company in a research note on Friday, May 22nd. Citigroup dropped their price target on shares of Intuit from $591.00 to $457.00 and set a "buy" rating for the company in a research note on Thursday. Finally, Royal Bank Of Canada reduced their price objective on shares of Intuit from $600.00 to $500.00 and set an "outperform" rating on the stock in a research note on Thursday, May 21st. Nineteen investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, Intuit presently has a consensus rating of "Moderate Buy" and an average price target of $456.90.

Intuit Stock Performance

NASDAQ:INTU opened at $345.66 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a market capitalization of $94.55 billion, a P/E ratio of 20.94, a P/E/G ratio of 1.09 and a beta of 0.97. Intuit Inc. has a 12-month low of $252.84 and a 12-month high of $721.54. The business has a 50 day simple moving average of $292.28 and a 200 day simple moving average of $364.67.

Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, topping the consensus estimate of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The business had revenue of $8.56 billion during the quarter, compared to analyst estimates of $8.54 billion. During the same quarter in the prior year, the firm earned $11.65 earnings per share. The company's quarterly revenue was up 10.4% on a year-over-year basis. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Equities research analysts predict that Intuit Inc. will post 18.18 EPS for the current year.

Intuit Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, July 9th were paid a $1.20 dividend. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $4.80 annualized dividend and a dividend yield of 1.4%. Intuit's dividend payout ratio is presently 29.07%.

Insider Buying and Selling at Intuit

In other Intuit news, Director Richard L. Dalzell sold 338 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $279.86, for a total transaction of $94,592.68. Following the completion of the transaction, the director directly owned 12,326 shares of the company's stock, valued at approximately $3,449,554.36. This trade represents a 2.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu purchased 1,250 shares of the stock in a transaction dated Friday, May 22nd. The shares were purchased at an average price of $309.45 per share, for a total transaction of $386,812.50. Following the completion of the transaction, the director owned 1,250 shares in the company, valued at $386,812.50. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders sold 1,239 shares of company stock valued at $348,354. Company insiders own 2.49% of the company's stock.

Intuit Profile

Intuit Inc NASDAQ: INTU is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.

Intuit's product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.

Want to see what other hedge funds are holding INTU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intuit Inc. (NASDAQ:INTU - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source